Euro, Yen, Sterling Trading Strategy

EUR/USD: After hitting 1.1650 yesterday, it may be the end of the consolidation at 1.1540. Once the downside breaks through the new downside space opened at 1.1510, the target will point to the 1.1300 mark.

USD/JPY: A break below the 109.90 low indicates that the overall rally opened since 108.10 has ended. Although the third wave of consolidation below 111.40 is still underway, the trend remains bearish below 109.90. The downside target looks to 109.20. Further targets are 107.90.